Financial Results Summary

Quarterly Performance (₹ in lakhs)

  • Q4 FY26 (Audited): Net loss of ₹39.51 lakhs
  • Q3 FY26 (Unaudited): Net loss of ₹50.42 lakhs
  • Q4 FY25 (Audited): Net loss of ₹38.81 lakhs

Annual Performance (₹ in lakhs)

  • FY26 (Audited): Net loss of ₹1,805.18 lakhs (₹18.05 crore)
  • FY25 (Audited): Net loss of ₹157.78 lakhs (₹1.58 crore)

Key Financial Metrics

Revenue:

  • FY26 Total Revenue: ₹2.78 lakhs (primarily Other Income)
  • FY25 Total Revenue: ₹0.48 lakhs

Expenses Breakdown FY26 (₹ in lakhs):

  • Employee Benefits: ₹36.01 lakhs
  • Finance Cost: ₹114.94 lakhs
  • Depreciation: ₹5.74 lakhs
  • Other Expenses: ₹1,651.27 lakhs (includes exceptional impairment)

Earnings Per Share:

  • FY26: (₹11.19) per share
  • FY25: (₹0.98) per share

Exceptional Item:

  • Impairment of Capital Work-in-Progress (CWIP) of ₹1,627.54 lakhs recognized in FY26

Balance Sheet Position (as at 31st March 2026)

  • Paid-up Equity Share Capital: ₹1,612.74 lakhs
  • Other Equity: Negative ₹3,274.12 lakhs
  • Total Equity: Negative ₹1,661.38 lakhs
  • Total Assets: ₹735.87 lakhs

Cash Flow Statement (FY26)

  • Operating Activities: Net cash outflow of ₹55.00 lakhs
  • Investing Activities: No significant cash flow
  • Financing Activities: Net cash inflow of ₹47.74 lakhs from short-term borrowings
  • Cash & Equivalents: Decreased from ₹9.62 lakhs to ₹2.36 lakhs

Operational Highlights

  • Paper factory at Bilaspur under suspension since 6th October 2010 due to pollution control issues
  • Company has disposed of entire plant & machinery and substantial portion of CWIP during previous years
  • Management considering various alternatives to utilize remaining Property, Plant & Equipment

Dividend Declaration

  • No dividend declared for Financial Year 2025-2026
  • Same as previous year (FY24-25: No dividend)

Auditor Appointment

  • Dipika Naresh Dayma, Chartered Accountants (Membership No: 184597) appointed as Internal Auditors
  • Term: From 22nd May 2026 to conduct Internal Audit for Financial Year 2026-27
  • Profile: 9 years experience in Statutory Audit, Internal Audit, and Taxation

Auditor's Emphasis of Matter

Auditors highlighted material uncertainty regarding going concern basis due to:

  • Suspension of factory operations since 2010
  • Disposal of substantial portion of plant and machinery and CWIP
  • Appropriateness dependent on company's ability to infuse requisite funds and resume operations

Labour Code Compliance

  • Company completed salary restructuring exercise in compliance with four Labour Codes notified on 21st November 2025
  • Impact on employee benefit obligations assessed as immaterial
  • Code on Social Security, 2020 not yet effective; impact will be assessed when notified

Segment Reporting

  • Company operates in only one segment: Paper

#Tags: #AgioPaper #SEBIDisclosure #FinancialResults #RegulatoryCompliance #Negative